


Agricultural Flat Rate Scheme – Do You Qualify?
Farmers may be eligible to apply for the Agricultural Flat Rate Scheme, as an alternative to voluntarily registering for VAT. Joining the scheme means that you can add a 4% Flat Rate Addition (FRA) to Vat-registered customers when supplying any of the qualifying goods...
VAT Implications of Barn Conversions
In recent years many farmers have sought planning permission on redundant farm buildings to convert them into dwellings. If a farmer is looking to develop the barn himself, rather than sell it on once permission has been granted, one of the key considerations is the...
Making Tax Digital: Paper VAT Returns Will Still Be Accepted
HM Revenue & Customs (HMRC) have moved to reassure some farmers that paper returns will still be accepted when Making VAT Digital comes into force in 2019. Under the new system, which commences 1 April 2019, businesses operating above the VAT threshold of £85,000...
Making VAT Digital Is Coming
Farms businesses are left with just over 14 months to get themselves ready for new VAT rules, requiring them to keep digital records. Last year the Government decided to delay plans for introducing Making Tax Digital (MTD) for income tax until at least April 2020, to...